This article shall be entitled "A local law
providing a change in the amount of veterans' exemption and to permit
veterans to reapply for the exemption of Real Property Tax Law § 458."
The purpose of this article is to adjust the
amount of the veterans' exemption to the assessed valuation of property
on which the exemption was granted following a revaluation or update
of assessments, as authorized by Real Property Tax Law § 458,
Subdivision 5, Paragraph (a), and to permit veterans to reapply for
the exemption under Real Property Tax Law, § 458, as authorized
by Paragraph (b) of Subdivision 5 of § 458 of the Real Property
Tax Law.
This article shall take effect on March 1, 2000.